India signs $8 million loan agreement with World Bank for SLACC Project
India signed a loan grant agreement worth US $8 million with World Bank for Sustainable Livelihoods and Adaption to Climate change (SLACC) Project.
The agreement was signed by Joint Secretary in Union Ministry of Finance Tarun Bajaj and World Bank’s India Country Director Onno Ruhl.
About Sustainable Livelihoods and Adaption to Climate change (SLACC) Project
- SLACC Project aims at improving the adaptive capacity of the rural poor particularly women farmers engaged in farm-based livelihoods to cope with climate change and scale up the demonstrated best practices.
- SLACC project will be implemented in collaboration with government programs such as Mahila Kisan Sashaktikaran Pariyojana (MKSP) and Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).
- While, National Rural Livelihoods Mission (NRLM) is the implementing agency of SLACC.
- It will focus to provide assistance in Climatic hazards that affect the availability of natural resources, which adversely affect the livelihoods of the poor by impacting production, affecting incomes and preventing building up of assets.